金禾实业(002597) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥908,660,094.20, a decrease of 20.10% compared to ¥1,137,249,049.68 in the same period last year[9]. - Net profit attributable to shareholders was ¥180,648,176.14, down 38.05% from ¥291,608,604.85 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥161,453,518.69, a decline of 40.67% compared to ¥272,106,959.03 in the previous year[9]. - Basic earnings per share decreased to ¥0.32, down 38.46% from ¥0.52 year-on-year[9]. - Diluted earnings per share were ¥0.32, a decrease of 37.25% compared to ¥0.51 in the previous year[9]. - The weighted average return on equity was 4.50%, down from 8.11% in the same period last year, a decline of 3.61%[9]. - The net profit attributable to the parent company for Q1 2019 was ¥180,648,176.14, a decrease of 38.05% compared to ¥291,608,604.85 in Q1 2018, primarily due to a significant drop in prices of bulk chemicals and food additives[23]. - Net profit for the current period was ¥180,337,693.48, a decline of approximately 38.3% from ¥291,608,604.85 in the previous period[60]. - The net profit for the current period is ¥183,497,141.73, down 32.1% from ¥270,328,234.94 in the previous period[67]. Cash Flow - The net cash flow from operating activities was -¥17,304,738.55, a significant drop of 115.80% from ¥109,520,374.34 in the same period last year[9]. - The cash flow from operating activities showed a net outflow of ¥17,304,738.55 in Q1 2019, a decline of 115.80% from a net inflow of ¥109,520,374.34 in Q1 2018, attributed to a significant increase in accounts receivable and tax payments[23]. - The net cash flow from operating activities is -¥17,304,738.55, a significant decrease from ¥109,520,374.34 in the previous period[74]. - The total cash inflow from operating activities was 906,224,726.26, down from 1,189,506,171.32 in the previous period, indicating a decline in operational cash generation[80]. - The total cash outflow from operating activities was 919,691,633.67, compared to 1,047,347,358.25 in the previous period, reflecting a decrease in operational expenditures[80]. - The company experienced a net decrease in cash and cash equivalents of 81,516,093.90, contrasting with a net decrease of -129,264,898.40 in the previous period, indicating a slight improvement in cash management[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,741,362,306.80, an increase of 0.82% from ¥5,694,645,897.82 at the end of the previous year[9]. - Total current assets decreased to ¥3,648,945,482.17 from ¥3,840,494,025.34, a decline of approximately 4.97%[40]. - Total non-current assets increased to ¥2,092,416,824.63 from ¥1,854,151,872.48, an increase of approximately 12.87%[40]. - Total liabilities decreased to ¥1,640,949,216.04 from ¥1,774,741,435.42, a decrease of about 7.53%[43]. - Total current liabilities decreased to ¥1,145,829,490.78 from ¥1,286,604,806.54, a decrease of approximately 10.95%[43]. - Total equity increased to ¥4,100,413,090.76 from ¥3,919,904,462.40, reflecting an increase of about 4.61%[46]. - The company's total assets increased to ¥5,668,503,580.55 from ¥5,638,256,608.20, representing a growth of about 0.5%[56]. - Total liabilities decreased to ¥1,640,886,229.80 from ¥1,792,849,684.23, indicating a reduction of approximately 8.5%[56]. - The company's total equity rose to ¥4,027,617,350.75, up from ¥3,845,406,923.97, marking an increase of about 4.7%[56]. Research and Development - R&D expenses increased by 58.10% to ¥31,888,405.83 in Q1 2019 from ¥20,169,823.55 in Q1 2018, reflecting a higher investment in research and development activities[23]. - Research and development expenses for the current period were ¥31,888,405.83, compared to ¥20,169,823.55 in the previous period, reflecting an increase of approximately 58.2%[57]. - Research and development expenses increased to ¥31,438,181.65, up 56% from ¥20,169,823.55 in the previous period[64]. Other Income and Expenses - The company reported non-operating income and expenses totaling ¥19,194,657.45 for the period[9]. - Other income rose by 225.09% to ¥6,023,449.80 in Q1 2019, compared to ¥1,852,847.50 in Q1 2018, mainly due to increased government subsidies received[23]. - The company reported a decrease in employee compensation payable to ¥75,476,626.85 from ¥100,057,014.75, a decline of about 24.6%[53]. - The company recorded a financial expense of -¥385,262.45, a significant improvement from ¥9,115,101.42 in the previous period[64]. Shareholder Activities - The company’s major shareholder, Anhui Jinrui Investment Group, completed a share buyback plan, acquiring 800,028 shares, which represents 0.1432% of the total share capital[26]. - As of March 31, 2019, the remaining balance of convertible bonds was ¥599,993,100, with a conversion price of ¥23.32 per share, indicating ongoing financial flexibility[27].